PICTURE: Shutterstock/Sven Hansche


PICTURES: Shutterstock/Andrey Yurlov, GreenOak, Sven Hansche, Bulent camci


BUSINESS NEWS


Macquarie takes over London City with 75% stake


Macquarie Asset Management has taken over London City airport, buying a 50% stake last week to add to the 25% stake it acquired in June. Macquarie, Australia’s biggest


infrastructure investor, acquired the holdings of Canadian pension funds Alberta Investment Management and Omers last week after buying 25% from the Ontario Teachers’ Pension Plan, along with a 55% stake in Bristol airport and 26.5% share in Birmingham. Wren House Infrastructure, a


subsidiary of the Kuwait Investment Authority, retains a 25% stake in City.


London City airport The government agreed to lift


the cap on London City’s passenger numbers from 6.5 million to nine million last year, while the CAA is considering an application to allow Airbus A320neo aircraft to operate from the airport, which would open up more leisure routes. London City handled


3.6 million passengers last year, well below its current cap and 30% down on its 2019 numbers.


Deal to reduce shipping emissions scrapped after Trump intervention


A deal to reduce shipping’s global emissions was abandoned last week under pressure from the US and Saudi Arabia. Representatives of


more than 100 countries met in London to approve an International Maritime Organisation (IMO) Net-Zero Framework deal agreed in April. The agreement would have seen shipping, including cruise, adopt targets for reducing emissions internationally. But US President Trump


3%: shipping’s share of global emissions


on countries supporting it. Saudi Arabia then proposed adjourning the talks for a year, a motion which passed by a handful of votes on Friday, despite the shipping industry backing the deal. Thomas Kazakos,


secretary-general of the International Chamber


of Shipping, said: “We’re disappointed. The industry needs clarity to make investments.” The deal followed 10 years of


dismissed the deal as a “green scam” and threatened to raise trade tariffs


negotiations. Shipping accounts for 3% of global emissions but its share is set to rise as other sectors cut back.


Iata starts battery-risk campaign Ian Taylor


Iata has launched a campaign to warn air passengers of the risks of lithium batteries in devices in carry-on luggage. The ‘Travel Smart with Lithium


Batteries’ campaign suggests rules for carrying phones, laptops, power banks and other lithium-powered devices safely when flying. It comes after the US Federal


Aviation Administration (FAA) issued a ‘safety alert’ on the dangers of lithium batteries last month following an increase in fires on aircraft. The FAA urged carriers to “consider the hazard posed” by lithium batteries “in areas not visible or easily accessible”. Nick Careen, Iata senior


vice-president for operations, safety and security, said: “Lithium-powered devices can pose a risk if damaged or packed incorrectly.”


travelweekly.co.uk Lithium-powered


devices can pose a [fire] risk if damaged or packed incorrectly


The campaign (see box) will be


made available to airlines, airports and other travel partners and run on Iata’s social channels and website. It follows an Iata passenger survey


that found many passengers ignorant of the fire risk of the lithium batteries in their devices. It found nine out of 10 passengers


(93%) claim to know the rules on carrying devices, but half wrongly believe it’s safe to pack lithium-powered devices in checked luggage and 45% believe power banks can be carried in checked bags when they are prohibited. Almost half of passengers (44%) say they carry power banks on flights,


Iata’s instructions to passengers


■Carry only devices and batteries needed. ■ Be alert in case a device is hot, smoking or damaged, and inform crew immediately.


■ Carry phones, laptops and other devices only in hand baggage, not checked bags.


■Keep spare batteries/power banks in their packaging or tape the terminals to prevent a short circuit.


■Remove all batteries and devices if hand luggage is taken at the gate to go in the hold.


■Always check an airline’s policy, as requirements may differ.


■Check battery sizes as approval may be required for large batteries (over 100 watt-hours).


and one in three believe wrongly that there is no limit on the size of power


banks or batteries allowed in the air. ■Iata also launched a report on the supply-chain challenges facing airlines last week, estimating it will


cost carriers more than $11 billion this year, comprising $4.2 billion in additional fuel costs, $3.1 billion in extra maintenance, $2.6 billion in higher engine leasing costs and $1.4 billion for stocking more spare parts.


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